has plenty of room to fall closer to support. Support which is at $571 and a declining candle pattern following bearish
divergence, sell signals, and growing divergence on MACD
all point to why I have decided to short TSLA
. With an RSI
of 71 I could not keep my hands off. Which is why I bought a put for $500 a share by 12/11. I do not expect it to fall that low, especially with support being at $571 but I believe the downward decline we will see this week can bring me a 100% return. Up 25% from Friday. I may be selling tomorrow if price declines steep enough.